Mahindra Insurance Brokers Area Business Manager Salaries by 2 Employees

5 - 7 years exp.

₹7.1 Lakhs - ₹9.1 Lakhs

Low Confidence

Avg. annual salary (AmbitionBox Estimate)

Monthly In-hand Salary

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Last Updated: 12 Aug 2022

Companies similar to Mahindra Insurance Brokers for Area Business Manager

Company name	Avg Annual Salary	Open Jobs
IndiaFirst Life Insurance Area Business Manager Salary 9 - 19 years exp. (13 salaries)	₹5.8 L/yr - ₹18 L/yr 35% more
Bharti AXA Life Insurance Area Business Manager Salary 3 - 7 years exp. (6 salaries)	₹2.7 L/yr - ₹4.9 L/yr 51% less
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Edelweiss Life Insurance Area Business Manager Salary 7 - 14 years exp. (4 salaries)	₹5.7 L/yr - ₹8.5 L/yr 12% less
Cipla Area Business Manager Salary 6 - 16 years exp. (500 salaries)	₹4.4 L/yr - ₹12 L/yr 9% more	6 job openings
Abbott Area Business Manager Salary 10 - 19 years exp. (464 salaries)	₹6.1 L/yr - ₹20.1 L/yr 52% more	9 job openings

Area Business Manager salary at Mahindra Insurance Brokers ranges between ₹7.1 Lakhs to ₹9.1 Lakhs per year for employees with experience between 5 years to 7 years. Salary estimates are based on 2 latest salaries received from various employees of Mahindra Insurance Brokers.

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Salary related reviews for Mahindra Insurance Brokers

Area Manager in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

3.0

• posted on 15 Jan 2025

2.0

for Salary and Benefits

Likes

Mid level managers are not supported to grow ground team in terms appraisal promotions to management,work balance also not manageable.

Dislikes

Salary hike not up to the mark if achieve annual target 100% and more than ,variables policy announced very late after completing 100%

Salary - Poor

+2 more

Senior Application Support Engineer in Mumbai

Full Time

IT & Information Security Department

4.0

• posted on 28 Jul 2023

4.0

for Salary and Benefits

Likes

Activity going on weekend (every Friday) Supporting people and management. Good environment to work Birthday celebration all together with team.

Salary - Good

+4 more

Dislikes

...mething new or promotion is not good in our field As per my personal experience. Salary hike appraisal delayed this year. Work load is not managed properly.

Deputy Area Manager in Hazaribag

Full Time

Sales & Business Development Department

5.0

• posted on 25 Jun 2022

5.0

for Salary and Benefits

Likes

...ve teammates are supportive. Management is transparent ,company policy are good.job security, appraisal are fair and they give good salary hike.

Salary - Excellent

+6 more

Dislikes

Verticalisation ,politics salary is good but career growth is slow,

Senior Territory Manager in Coimbatore

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 29 May 2021

1.0

for Salary and Benefits

Likes

... Assist, Wedding Bonus, New born baby gift, Medical assist, Birthday gift etc. Main Part - Salary slab was very worst and no increment, Executives stay 5 + year experience but salary at end they only out for 230000PA and starts with 180000 PA which is terrible and all work for salary that is not get what we work. Incentive was not given proper time as per time line eg: Quarterly plan, they provide incentive after 6months of that quarter and they not provide calculation for that incentive what we received

Salary - Bad

+6 more

Senior Business Development Executive in Bhubaneswar

BFSI, Investments & Trading Department

4.0

• posted on 12 May 2018

3.0

for Salary and Benefits

Likes

There is a friendly atmosphere to work here,we have maintain a good work life balance here and the most important thing is we have more job security here.

Skill development - Good

+4 more

Dislikes

Here the salary and remuneration is not good as compared of other industry.

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Mahindra Insurance Brokers Area Business Manager Salary FAQs

How the salary growth look like for a Area Business Manager at Mahindra Insurance Brokers in India?

The salary growth for a Area Business Manager at Mahindra Insurance Brokers depends on factors such as experience, performance, and promotions. On average, a Area Business Manager can expect the following growth trajectory at Mahindra Insurance Brokers:

Experience	Average Salary Range
5 years	₹11.5 Lakhs to ₹14.7 Lakhs per year
7 years	₹2.7 Lakhs to ₹3.5 Lakhs per year

and so on.

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Mahindra Insurance Brokers Area Business Manager Salaries

Mahindra Insurance Brokers Area Business Manager salary in India ranges between ₹7.1 Lakhs to ₹9.1 Lakhs. This is an estimate based on latest salaries received from employees of Mahindra Insurance Brokers.

Mahindra Insurance Brokers Area Business Manager salaries in India

Companies similar to Mahindra Insurance Brokers for Area Business Manager

Similar Designation salaries in Mahindra Insurance Brokers

Salary related reviews for Mahindra Insurance Brokers

Area Manager in Hyderabad / Secunderabad

Senior Application Support Engineer in Mumbai

Deputy Area Manager in Hazaribag

Senior Territory Manager in Coimbatore

Senior Business Development Executive in Bhubaneswar

Mahindra Insurance Brokers Area Business Manager Salary FAQs

Tell us how to improve this page.